rescue

Kulula.com Boeing 737 800 (Supplied) Creditors of Comair have accepted the rescue plan offered by the Comair Rescue Consortium.Comair owns kulula.com and operates British Airways domestically as part of a licence agreement.Another R1.4 billion in funding is still needed and some 400 jobs will be cut.The Comair Rescue Consortium announced on Friday that creditors and…

There is currently no indication from the rescue practitioners or government that the funding to implement SAA's rescue plan has been "mobilised".In a retrenchment notice to SAA employees, the practitioners warn that, if a change at SAA does not take place without delay, there is a real risk of liquidation.It raises the question of how…

A South African Airways aircraft on the apron of Frankfurt Airport in 2018. Silas Stein/picture alliance via Getty Images A majority of SAA's creditors have voted to adopt the airline's proposed business plan. In terms of legislation this means the plan may be implemented, subject to funding obtained. The vote to adopt the rescue plan gives the…

The Labour Appeal Court has ruled on whether it was unfair of the BRPs to propose retrenchments in the absence of a business rescue plan.The court has upheld a May judgment.Analysts have previously said this could have far-reaching implications.The Labour Appeal Court has handed down a key ruling affecting proposed retrenchments at South African Airways, dismissing…

A South African Airways aircraft on the apron of Frankfurt Airport in 2018. Silas Stein/picture alliance via Getty Images A majority of SAA creditors have voted to postpone a meeting to vote on the proposed rescue plan.Rescue practitioners argue this places the airline at risk, as the plan proposes a deadline for government funding. If the…